GST
Refund stuck because of bank account validation
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Facts
Refunds are paid only to a bank account in your name that is added in the registration and validated through PFMS. If validation fails, the refund cannot be disbursed until a valid account is added.
Provisions and law
- Rule 10A, CGST Rules 2017Bank account details to be furnished within 30 days of registration or before GSTR-1, whichever is earlier
- Rule 89, CGST Rules 2017Application for refund in RFD-01 with the prescribed statements
Analysis
Validation fails when the account holder name does not match the registered legal name, the IFSC has changed after a bank merger, or the account is closed. Update the account through a non-core amendment and choose it in the refund. If the refund was already sanctioned, write to the officer with the new details.
Conclusion
- Check the validation status of each account in your registration
- Correct the account or add a new one through a non-core amendment
- Select the validated account in future claims
- Write to the officer if a sanctioned refund is stuck
A Savvy can do this for you
Refund of ITC on exports without payment of tax, RFD-01
₹4,999
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